Global Markets for Conformal Coatings in Electronics

July 18, 2012

Wellesley, Mass. – According to a new technical market research report, GLOBAL MARKETS FOR CONFORMAL COATINGS IN ELECTRONICS (IFT009E) from BCC Research (www.bccresearch.com), the global market for conformal coating materials was valued at $7.9 billion in 2011, and is projected to reach $8.5 billion in 2012, and $8.9 billion in 2017, a five-year compound annual growth rate (CAGR) of 1%.

The conformal coating market can be split into two segments: conformal coating equipment and spares, and conformal coating materials.

The equipment and spares segment should hold a value of $6.7 billion in 2012; by 2017, however, the segment is expected to decrease in value to $6.3 billion, yielding a CAGR of -1.2%.

The materials segment is projected to be worth $1.8 billion in 2012, and to be worth $2.6 billion in 2017, a CAGR of 7.8%.

Conformal coatings are coatings that conform to the shape of their substrate. Conformal coating started as a simple process performed on electronic substrates in need of extra protection from external elements, with little attention paid to quality factors beyond adequate component coverage. The increased capability of semiconductor assemblies to perform complex tasks in automotive applications, traffic control, signage, outdoor surveillance, and mission-critical elements has increased the demand for conformal coating.

Key markets for these materials include semiconductors/electronics, motor vehicles, aerospace and defense, and medical devices. The application of conformal coatings in electronics applications historically has dominated the marketplace and will continue to do so through 2017. The growth of the electronics market will be driven by increased conformal coating use in integrated circuit and device fabrication; replacement of housing and other hermetic packaging systems; and use in new device packaging systems, and high frequency, wireless, and portable consumer electronic products.

This report will help its audience:

• Learn about the role of conformal coatings in providing protection to electronic products
• Understand the technology, development, production, and methods of application of these coatings
• Learn more about the equipment involved in the conformal coating process
• Analyze market overviews as well as recognize market trends
• Find out more about new developments in the conformal coatings industry with respect to continuous improvements in environmental performance. 

This report is intended to help marketing managers identify emerging market opportunities and develop targeted promotion plans for conformal coatings and equipment involved. It should also help R&D professionals explore demand for conformal coatings and equipment, stay abreast of competitor initiatives, and develop new products and applications. Information and research center librarians will be better able to provide market researchers and brand and product managers with the information they need to do their jobs more effectively.

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Global Markets for Conformal Coatings in Electronics( IFT009E )
Publish Date: Jul 2012    

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